Deutsche Bank Reaffirms Buy Rating for Barclays (BARC)

Barclays (LON:BARC)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank in a note issued to investors on Monday. They presently have a GBX 234 ($3.29) target price on the financial services provider’s stock. Deutsche Bank’s target price suggests a potential upside of 20.67% from the company’s previous close.

Several other brokerages have also recently weighed in on BARC. Goldman Sachs Group set a GBX 180 ($2.53) price target on Barclays and gave the company a “sell” rating in a research note on Friday, October 27th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 230 ($3.23) price target on shares of Barclays in a research note on Thursday, November 16th. JPMorgan Chase & Co. set a GBX 240 ($3.37) price target on Barclays and gave the company a “buy” rating in a research note on Wednesday, November 29th. reissued a “buy” rating and issued a GBX 240 ($3.37) price target on shares of Barclays in a research note on Wednesday, November 8th. Finally, Bank of America raised Barclays to a “buy” rating and increased their price target for the company from GBX 180 ($2.53) to GBX 220 ($3.09) in a research note on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Barclays presently has an average rating of “Hold” and a consensus price target of GBX 219.42 ($3.08).

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Barclays (BARC) traded down GBX 1.64 ($0.02) during trading on Monday, reaching GBX 193.92 ($2.72). The company’s stock had a trading volume of 38,857,516 shares, compared to its average volume of 33,320,000. The company has a market capitalization of $33,180.00 and a P/E ratio of 1,834.09. Barclays has a 1 year low of GBX 177.30 ($2.49) and a 1 year high of GBX 244.40 ($3.43).

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Barclays Company Profile

Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.